We are from California and looking for investing in STR for tax purposes and good cash flow.

I wrote the above for informational purposes.

Taking a bit over a long period of time is better than taking it out all out at once.Furthermore, you can have 80% LTV if you purchase property in your personal in your own name.LTV inside of a SDIRA is somewhere around 50%

The title company says it would need a satisfactory quiet title action and a couple of other factors that would be part of the QTA.I certainly can't be the first person to attempt to clear a title in New York and would love to get input from someone who has done so.Thanks in advance...

Ask the person lending you the money.Banks won't care.

@Jay HinrichsHold on a min.... are you guys saying there are state laws in place saying what information I can disclose in a personal letter to sellers??

Personally I'd think more about quality of life you are looking for and if that market fits into your overall investing goals.

whats the purpose / use of funds for pulling the equity?

Personally I prefer areas where it is not "block by block" like northeast philly, roxborough, chestnut hill, west mount airy, east falls, fairmount, graduate hospital, etc. 

Maximum 10 total properties (not 10 financed properties like fannie/freddie 1-4 unit properties, so even if the properties are free and clear it counts against this 10 "properties," whether there is debt/liens against them or not)You can use 1 year tax returns for self employment and 1 year tax returns for rental property income calculations as well which is huge for BP folks since most of us are rental property investors and self employed/S-corp/schedule C personal tax returns@Matthew Kwan @Carlos Valencia @Joe Homs